The City is required to prepare and post our fiscal year six month ending Financial Report. The City of Weldon Spring operates on an October - September fiscal year so March 31, 2017 was the first six months of our fiscal year.

You will find attached the City's first six months financial report that the Board of Aldermen approved at their April 27, 2017 meeting. The financial report outlines the City revenue, expenditures and current debt.

The City revenue is made up of franchise fees, licenses and permits, court fines and fees, local sales tax , motor vehicle sales and fees, federal & local county road grants, sewer assessment and fees and other misc. revenues. Due to timing the St.Charles County Road Board Grant reimbursements made up the majority of the City revenue for the first 6 months which culminated March 31, 2017.

The City expenditures are made up of personnel services, professional services, operating expenses, law enforcement, debt service, capital improvements, accounts receivable- Rd, Expenditures, Capital - City streets.The highest City expenditure is on personnel services.

Currently the City's outstanding debt is $240,000 for the Neighborhood Improvement District or NID which extended a sewer collection system to under serviced portions of the City back in 2001.